BookingPal, an Irvine, California-based travel technology service that increases professionally managed vacation rental units exposure and revenue by connecting them to OTA’s, property listing and vacation rental portals, completed a $5M Series B financing.
The round was led by Thayer Ventures with participation from new investors PAR Capital Ventures, and Amadeus Ventures and early investors Camp One Ventures and Plug and Play Ventures. Along with the funding, Mark Farrell, Managing Partner at Thayer Ventures, and Jeff Jackson, former CFO of Sabre Holdings, joined BookingPal’s Board of Directors.
The company, which has received $7.5m in total funding, intends to use the funds to accelerate platform development and expand the team.
Founded in 2013 by CEO Alex Aydin, BookingPal provides a cloud-based travel technology solution featuring a global distribution system and a centralized booking platform for over 250,000 real time bookable vacation rental properties. It allows vacation rental and corporate housing property managers to increase their online presence and number of bookings by distributing their inventory via its global distribution channels.